Fitch puts LeasePlan unsecured on watch

Fitch Ratings said it placed LeasePlan Corp. NV’s senior unsecured debt rating on rating watch positive and affirmed the company’s BBB+ issuer default rating.

The RWP reflects the view it will upgrade the A- rating once ALD SA completes its acquisition of LeasePlan, Fitch said.

The agency also affirmed Lincoln Financing Sarl's senior secured notes' long-term rating at BB- and the long-term IDR of the notes' guarantor, Lincoln Financing Holdings Pte. Ltd. at BB-.

The outlook is stable.

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